Ample number of schemes are there to help an individual save money for their old age but the most prominent among them is the PF. PF or Provident Fund is a government scheme that helps a person to save money and use it after their retirement. Both the employer and employee saves money in the PF while the employee is working there. However, after working for about 3 years, I got to know what Form 19 in PF means. We all are interested in saving money in PF since the interest rate is high but become reluctant to know how to withdraw money from it until it becomes necessary. I would therefore request you to know every detail related to PF from now onwards.
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What does Form 19 EPF means?
My father retired last year and we did not know how to claim the amount deposited in his EPF account. When we visited the bank, their officials explained to us
what is Form 19 in EPFO (Employees’ Provident Fund Organisation).
An employee in order to withdraw his or her amount deposited in PF needs to fill up Form 19 for the final settlement.
Who is eligible to fill up Form 19?
To get the PF amount, one needs to fill up Form 19. The eligibility criteria to fill it p are:
An employee can fill up thai form and must have a PF account
This form is to be filled up only for withdrawing money after retirement
One can also fill up this form when he wants to quit the job
One must be unemployed for about two months to use this form for withdrawing money
Form 10C gets confused with Form 19 by a lot of people. Do note that Form 19 is used for claiming the PF money whereas Form 10C is used for pension withdrawal only. If you want partial withdrawal of the PF amount, you have to use Form 10D.
This is my answer for your query: what does Form 19 in PF means?
Read More:How to activate EPF account?
How to transfer PF money to account?
How to withdraw PF pension amount?
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Authors Of The Question
What is Form 19 in EPFO?
Pradeep
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2 Year
2022-10-26T09:34:07+00:00 2022-10-26T09:34:09+00:00Comment
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